Valspar reports 4Q and full year

The Valspar Corporation reported record sales and earnings for the fourth quarter and fiscal year ended Oct. 27, 2006. Reported net income for the fourth quarter increased two percent to $52,141,000 from $50,966,000 last year. Sales for the fourth quarter increased 8.1% to $784,105,000 compared to $725,387,000 a year ago. Reported net income for the full year increased 18.7% to $175,252,000 from $147,618,000 last year. Sales for the year increased 9.7% to $2,978,062,000 compared to $2,713,950,000 in fiscal 2005.